50 Cent Cautions Investors His Penny Stock May Not Be Right for Them

Rapper, multimedia icon and ersatz investment advisor 50 Cent is backing off a little from his previous plugs of H & H Imports, an over-the-counter stock that shot up 240 percent today following the entertainer’s endorsement to 3.8 million followers on Twitter.

In a recent tweet, 50 cent cautions his followers, “I own HNHI stock thoughts on it are my opinion. Talk to financial advisor about it.” Also: “HNHI is the right investment for me it may or may not be right for u! Do ur homework.” This follows the stock’s meteoric rise today and a likely profit for 50 Cent, who along with G-Unit Brands made a $750,000 investment in the company last November.

Here’s the website for TV Goods, whose parent company is H & H Imports. From the “About Us” section:

50 Cent’s caveats come on top of several caution-inducing attributes of the company, including a loan to the company from its CEO, Steve Rogai, and a loss of $1.3 million in the most recent quarter. The company’s chairman and founder, Kevin Harrington, is an infomercial pioneer and “an investor ‘Shark’ on the ABC television series Shark Tank,” according to H & H’s website.

The Company that had acquired worldwide marketing rights for its new product line believed to be designed by 50 and engineered by Sleek and will be the first headphones ever to offer ‘Wireless Hybrid’ technology with military-grade metals. The endorsement will be personally carried out by Curtis, having an ownership interest in Sleek, through his company G-unit.

One more Tweet from 50 Cent around the time of his stock discussions: “You can lead a horse to water but you force it to drink. lol.”

Comments

I have a web site where i give advise on penny stocks and stocks under five dollars. I would like to comment about rapper fifty cents recommending that everyone and anyone buy into h&m imports. I thought that these guys would no better that to be recommending penny stocks or stocks under one dollars all it takes to move a small stock like h&m imports is a modest increase in demand for the shares of the stock. Anyone in the news big time should know better than this that is any kind of talk about any stock could have a drastic affect on the price of the stock.

50 cent is more honest and up front than these Bush/Obama endorsed banksters that continue to fuck the world up. I’m buying into his program as a means to teach my grandchildren about investing.
Mack Rose in Georgia